Amazon, Berkshire, JPMorgan unveil name for healthcare venture

Amazon, Berkshire Hathaway and JPMorgan Chase have picked a name for their joint healthcare venture: Haven.

In January 2018, Amazon CEO Jeff Bezos, JPMorgan CEO Jamie Dimon and Berkshire Hathaway CEO Warren Buffet announced plans to create a new healthcare organization aimed at cutting healthcare costs for their U.S. employees. They named Atul Gawande, MD — a renowned public health expert, surgeon and speaker — CEO in June. He assumed the helm in July and assembled a leadership team, including Jack Stoddard as COO and Serkan Kutan as chief technology officer.

As the new organization was building its leadership team, the founding companies released few specifics about the healthcare venture. A website unveiled with the new brand revealed more details.

"We are interested in working with clinicians and insurance companies to improve the overall healthcare system," states the website. "We will be an ally of anyone who is working to make healthcare better for patients."

Haven will initially focus on several areas, including making primary care easier to access and prescription drugs and medical care more affordable.

"We want to change the way people experience healthcare so that it is simpler, better, and lower cost," said Dr. Gawande in a press release. "We'll start small, learn from the experience of patients, and continue to expand to meet their needs."

In addition to providing insight on what Haven's areas of focus will be, the website also lists the individuals who will make up the organization's board. The board includes the following: Mr. Dimon; Todd Combs, an investment officer at Berkshire Hathaway; Beth Galetti, senior vice president at Amazon; and Dr. Gawande.